Supply Chain Theory

Supply Chain Theory refers to the process of how products move from initial suppliers to end customers. It encompasses everything from sourcing raw materials, manufacturing, and warehousing to transportation and distribution. The goal is to optimize efficiency, reduce costs, and enhance customer satisfaction. Each step in the supply chain relies on the others, forming a network that aims to deliver the right product, to the right place, at the right time. Understanding this interconnected system helps businesses improve operations and respond to market demands effectively.